KBR Investors Face Nov. 18 Lead-Plaintiff Deadline in Lawsuits Over HomeSafe Contract Fallout
Plaintiffs say KBR misled investors by downplaying TRANSCOM’s months-long concerns about its HomeSafe venture before the contract was terminated.
Overview
- Multiple firms — including Rosen, Schall, DJS, Hagens Berman and Faruqi & Faruqi — are soliciting clients for a class action covering May 6 to June 19, 2025, with a lead-plaintiff deadline of November 18, 2025.
- Complaints cite Exchange Act Sections 10(b) and 20(a) and SEC Rule 10b-5, alleging KBR touted a “strong” and “excellent” HomeSafe partnership on May 6, 2025 despite known operational concerns.
- HomeSafe disclosed TRANSCOM’s notice to terminate the Global Household Goods Contract on June 19, 2025, followed by a KBR statement June 20 as shares fell 7.29% that day and another 2.65% on June 23.
- KBR later reduced its 2025 revenue outlook by about $900 million on July 31, 2025, reflecting the removal of the HomeSafe joint venture’s expected contribution.
- Hagens Berman is investigating potential misconduct, asking investors to submit losses and encouraging individuals with non-public information to consider whistleblower options.